Page 101 - GTBank Annual Report 2020 eBook

Supplementary information

Appendix I: Value added statement
st
For the year ended 31 December 2020
Dec.-2020 Dec.-2019
GMD'000 % GMD'000 %
Gross earnings 724,352 637,731

Interest expense
Local (42,779) (52,771)
Foreign
681,573 584,960
Loan impairment charges / Net
impairment loss on financial assets (9,893) (28,565)
671,680 556,395
Bought in materials and services
Local (161,191) (172,055)
Foreign
Value added 510,489 100 384,340 100

Distribution

Employees
Directors (without executives) 3,607 1 3,465 1
Executive Directors 7,132 1 6,136 2
Other Employees 129,392 25 121,043 31
Government
Taxation 87,316 17 52,923 14
To providers of Capital
Dividends to Shareholders - - - -
Retained in the Bank

For replacement of property and equipment/
intangible assets (depreciation and Amortization) 57,165 11 62,631 16

Profit for the year (including non-controlling
interest, statutory and regulatory risk reserves) 225,877 45 138,142 36
510,489 100 384,340 100

Appendix II: Other Borrowed Funds

In thousands of Gambian Dalasi Dec.-2020 Dec.-2019
Other borrowed funds - -
- -

Annual Report 2020

Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 99